Ferguson Wellman Capital Management Inc. Has $806,000 Holdings in AMETEK, Inc. (NYSE:AME)

Ferguson Wellman Capital Management Inc. decreased its position in shares of AMETEK, Inc. (NYSE:AME) by 4.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,835 shares of the technology company’s stock after selling 231 shares during the period. Ferguson Wellman Capital Management Inc.’s holdings in AMETEK were worth $806,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of AME. Wetzel Investment Advisors Inc. bought a new stake in AMETEK during the 4th quarter valued at approximately $25,000. Rakuten Securities Inc. bought a new stake in shares of AMETEK in the fourth quarter valued at approximately $31,000. Washington Trust Advisors Inc. bought a new stake in shares of AMETEK in the first quarter valued at approximately $37,000. Headlands Technologies LLC acquired a new stake in shares of AMETEK in the first quarter worth $43,000. Finally, Mendota Financial Group LLC bought a new position in AMETEK during the first quarter worth $50,000. 87.43% of the stock is currently owned by institutional investors.

AMETEK Price Performance

Shares of AME stock traded up $0.67 during trading hours on Wednesday, reaching $161.98. 377,944 shares of the company were exchanged, compared to its average volume of 1,131,374. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.26 and a quick ratio of 0.66. The company has a market cap of $37.49 billion, a price-to-earnings ratio of 28.35, a P/E/G ratio of 2.57 and a beta of 1.18. The stock’s fifty day moving average is $167.48 and its two-hundred day moving average is $172.41. AMETEK, Inc. has a fifty-two week low of $136.89 and a fifty-two week high of $186.32.

AMETEK (NYSE:AME) last released its earnings results on Thursday, August 1st. The technology company reported $1.66 EPS for the quarter, beating the consensus estimate of $1.64 by $0.02. AMETEK had a return on equity of 17.41% and a net margin of 19.51%. The company had revenue of $1.73 billion during the quarter, compared to analysts’ expectations of $1.78 billion. During the same period last year, the firm earned $1.57 EPS. The business’s revenue for the quarter was up 5.4% on a year-over-year basis. Sell-side analysts forecast that AMETEK, Inc. will post 6.78 earnings per share for the current fiscal year.

AMETEK Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, September 16th will be paid a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 0.69%. The ex-dividend date is Monday, September 16th. AMETEK’s dividend payout ratio (DPR) is presently 19.68%.

Insider Transactions at AMETEK

In other AMETEK news, Director Steven W. Kohlhagen sold 1,440 shares of the firm’s stock in a transaction that occurred on Wednesday, June 12th. The shares were sold at an average price of $173.93, for a total value of $250,459.20. Following the transaction, the director now directly owns 24,809 shares of the company’s stock, valued at $4,315,029.37. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.61% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Royal Bank of Canada dropped their price objective on shares of AMETEK from $216.00 to $215.00 and set an “outperform” rating on the stock in a report on Friday, August 2nd. Robert W. Baird cut their target price on AMETEK from $171.00 to $166.00 and set a “neutral” rating for the company in a research report on Wednesday, August 7th. Truist Financial lowered their price target on AMETEK from $204.00 to $201.00 and set a “buy” rating on the stock in a research report on Friday, August 2nd. TD Cowen cut their price target on shares of AMETEK from $165.00 to $158.00 and set a “hold” rating for the company in a report on Monday, August 5th. Finally, Oppenheimer raised AMETEK from a “market perform” rating to an “outperform” rating and set a $200.00 target price on the stock in a report on Wednesday, May 22nd. Four equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $186.29.

AMETEK Company Profile

AMETEK, Inc manufactures and sells electronic instruments and electromechanical devices in the North America, Europe, Asia, and South America, and internationally. The company's EIG segment offers advanced instruments for the process, aerospace, power, and industrial markets; process and analytical instruments for the oil and gas, petrochemical, pharmaceutical, semiconductor, automation, and food and beverage industries; instruments to the laboratory equipment, ultra-precision manufacturing, medical, and test and measurement markets; power quality monitoring and c devices, uninterruptible power supplies, programmable power and electromagnetic compatibility test equipment, and sensors for gas turbines and dashboard instruments; heavy trucks, instrumentation, and controls for the food and beverage industries; and aircraft and engine sensors, power supplies, embedded computing, monitoring, fuel and fluid measurement, and data acquisition systems for aerospace and defense industry.